Join Date: Sep 2007
Location: Hillsborough, NJ, USA
Value of an 01 LT
I would say to use the Blue Book Values
There are two sources for motorcycle (and cars, etc) prices that are commonly used. The NADA (Natl Automobile Dealers Assoc) and KBB (Kelly Blue Book). The NADA is the classic blue book value and it is usually about $1 to 2K below KBB. Both are on the internet for you to look up.
I recently checked on a 1999 LT Custom (top of the line). The NADA gives a range from $5460 to $7180. The KBB gives a range from $6045 (trade in value) to $8830 (retail value). So $12K for an '01 is outrageous. Send me a PM if you need help to look up the values for an '01.
When I recently bought my 2001 LT, I had made offers on at least 20+ bikes, in the middle of the NADA range, often quite a bit less than the owner's asking price. One guy really got indignant, but hey the market is what it is. Ended up with an '01 with 42K on it, kind of high mileage but I think these bikes are easily destined for 100K+.
Values are lower in the winter months, higher in the spring. And if you have a bunch of farkles on it, value will be more. I find when you're selling a bike though, farkles dont count that much.
2011 vStrom DL650